India's edible palm oil industry is poised for significant growth, with CRISIL Ratings projecting a revenue increase of approximately 10% this fiscal year. This growth is driven by steady demand and improved pricing, alongside stable credit profiles for refiners due to strong balance sheets and minimal debt.
The industry, which relies heavily on imports, particularly from Indonesia and Malaysia, is expected to see operating margins expand as the government continues to support domestic production through favorable policies and investment initiatives aimed at increasing self-sufficiency in edible oil production.
Citations:
[1] https://www.grandviewresearch.com/industry-analysis/indian-palm-oil-market
[2] https://www.financialexpress.com/business/industry-edible-palm-oil-to-witness-10-revenue-growth-this-fiscal-says-crisil-3569758/
[3] https://www.imarcgroup.com/india-palm-oil-market
[4] https://www.thehindubusinessline.com/economy/agri-business/indias-recent-oil-palm-cultivation-growth-performance-is-encouraging-efforts-are-needed-to-sustain-it/article68214413.ece
[5] https://pib.gov.in/PressReleasePage.aspx?PRID=2014554